https://www.taxtmi.com/caselaws?id=75413 The High Court set aside the Tribunal's decision in an appeal under Section 260-A of the Income Tax Act, emphasizing the necessity of specific and valid purposes for income accumulation under Section 11(2). The Court highlighted the importance of complying with previous related cases, remitting the matter back to the assessing officer for further consideration, based on the need for clear specification of the purpose for accumulation in Form 10. en-us Mon, 14 Dec 2009 00:00:00 +0530 Wed, 14 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75413 The High Court set aside the Tribunal's decision in an appeal under Section 260-A of the Income Tax Act, emphasizing the necessity of specific and valid purposes for income accumulation under Section 11(2). The Court highlighted the importance of complying with previous related cases, remitting the matter back to the assessing officer for further consideration, based on the need for clear specification of the purpose for accumulation in Form 10. Case-Laws Income Tax Mon, 14 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75413